AIB Not giving a toss as usual

Shanegggg · 09-12-2010 12:30PM

Nice to know the bankers still live in lala land and probably haven't heard about the recession yet and the cause of it! (Shhhh careful now!)

Surely the bonuses would be related to personal/comany performance and anyone coming out of a playschool could tell you how bad the banks are these days.

Can they honestly justisfy themselves a bonus??......running the entire country into the ground!! Must have been very hard work! :mad:

Johnny Bitte · 09-12-2010 12:32PM

Been with AIB for almost 10 years now.

Switching to Ulster bank.

SICK OF THIS ****!

ciagr297 · 09-12-2010 12:32PM

Shanegggg wrote: »

....running the entire country into the ground!! Must have been very hard work! :mad:

i'm sure it was even harder work trying to cover the mistakes and scapegoat others

The Waltzing Consumer · 09-12-2010 12:33PM

The Guardian covers this story. It names the employee who took the court case over bonuses. It is a Mr. John Foy.

http://www.guardian.co.uk/business/2010/dec/08/allied-irish-banks-pay-bonuses-despite-bailout

I think he should take his bonus and leave the country.

Absolute scum

Cookie_Monster · 09-12-2010 12:36PM

The Waltzing Consumer wrote: »

The Guardian covers this story. It names the employee who took the court case over bonuses. It is a Mr. John Foy.

http://www.guardian.co.uk/business/2010/dec/08/allied-irish-banks-pay-bonuses-despite-bailout

I think he should take his bonus and leave the country.

Absolute scum

yes, how dare he stand up for his rights against big business :rolleyes:

mikemac · 09-12-2010 12:55PM

If you were owed €161,000 I doubt anyone here would meekly give it up
You can buy a house for that money!

Or would you say "no keep the money in the national interest" :rolleyes:

Easy to judge when it's somebody elses money

The Waltzing Consumer · 09-12-2010 12:58PM

Cookie_Monster wrote: »

yes, how dare he stand up for his rights against big business :rolleyes:

Standing up for his rights against big business? He is the big business!

miseeire · 09-12-2010 12:59PM

Surely the 1 decent thing this useless government should do is create a bill and pass it immediately where bonus payments in excess of 2,000 euro is taxed at 90% or would that not be allowed under the constitution?

ghostdancer · 09-12-2010 12:59PM

they're entitled to bonuses based on performance under their contract.

they clearly performed and met those targets that were set out.

no great surprise the general joe duffy-listening idiocy of AH can't understand this.

ghostdancer · 09-12-2010 01:02PM

Corvus Maximus wrote: »

I'm sick of listening to this sh1t repeatedly "It's in their contract."..or.."for contractual reasons.".....stop talking bullsh1t, call their bluff and meet them in court. The national interest holds greater sway than any 'alleged' contract for any individual. Especially when this involves an organisation that has cost the taxpayer billions. Rewarding incompetence should not be tolerated and must be resisted to the last.

no, it doesn't.

"Rewarding incompetence" - i'm quite sure the vast majority of those getting bonuses had nothing to do with the recession, and performed as they were supposed to.

if you did your job perfectly well, but your boss's boss's boss had made a balls up, you shouldn't suffer for it.

jpm4 · 09-12-2010 01:05PM

Cookie_Monster wrote: »

sigh

Its a legally binding contract that the bank already tried to bail on but got taken to court over. most of it relates to AIB capital markets which still made quite a lot of money during the last number of years to 2008 to which these bonuses relate

tl;dr: rabble rabble rabble banks are bad :rolleyes:

Good lord....an informed voice of logic and reason in AH? Careful you don't get kicked to death on the way out by the Joe Duffy brigade.

Do people seriously think that AIB wants to pay this??? That makes no sense.

mikemac · 09-12-2010 01:07PM

After Hours is no better then Liveline some days

DrumSteve · 09-12-2010 01:11PM

feelingstressed wrote: »

After Hours is no better then Liveline some days

We got standards...

....And we never go above them.

ciagr297 · 09-12-2010 01:11PM

feelingstressed wrote: »

After Hours is no better then Liveline some days

did someone mention the swans???

Shanegggg · 09-12-2010 01:13PM

ghostdancer wrote: »

they're entitled to bonuses based on performance under their contract.

they clearly performed and met those targets that were set out.

Must have been a some extremely low targets to get a bonus for all 2,400 employees to the get the nod.

aib-record-losses-of-euro2bn

Where do they even get the money to pay them if their recording 2bn losses!

paperwork · 09-12-2010 01:15PM

DrumSteve wrote: »

They were probably personal performance bonuses not company bonus...and I'm guessing they had a tight legal case for them or they would not have brought them to court.

Of course they had a tight legal team, they're bleeding the country dry. The only difference between this guy and the guys queuing for "free" money at the atms is that this guy clearly doesnt need it.

melekalikimaka · 09-12-2010 01:16PM

ghostdancer wrote: »

they're entitled to bonuses based on performance under their contract.

they clearly performed and met those targets that were set out.

no great surprise the general joe duffy-listening idiocy of AH can't understand this.

politics forum is just as bad

ricman · 09-12-2010 01:17PM

the government should bring in a law ,if the government owns 90 per cent of a bank, all bonus s are taxed at 90 per cent rate.The banks were taken to court by employees, the bonus s are written into their contract.

Biggins · 09-12-2010 01:18PM

miseeire wrote: »

Surely the 1 decent thing this useless government should do is create a bill and pass it immediately where bonus payments in excess of 2,000 euro is taxed at 90% or would that not be allowed under the constitution?

You mean the same government (and main opposition too!) that is still wining and dining banks heads, big businesses, etc on the golf courses of Ireland, the race tracks with their VIP tents and elsewhere?

Naa. Won't happen. They are too busy looking after their backers!

melekalikimaka · 09-12-2010 01:22PM

ricman wrote: »

the government should bring in a law ,if the government owns 90 per cent of a bank, all bonus s are taxed at 90 per cent rate.The banks were taken to court by employees, the bonus s are written into their contract.

i would arguee since the p.s. is owned by the governemnt, esb, bus etc, they should all have similar rules implemented, and social welfare cut across the board to reflect the loss of earnings incurred by the banks... just to be fair like :rolleyes:

listermint · 09-12-2010 01:22PM

Shanegggg wrote: »

Must have been a some extremely low targets to get a bonus for all 2,400 employees to the get the nod.

aib-record-losses-of-euro2bn

Where do they even get the money to pay them if their recording 2bn losses!

I think it sounds like targets for the sake of targets.. All the entitlement crew around here fail to release in the real world when a the largest portion of a group suffers the entire company suffers. We the people are propping up the bank. So frankly regardless of these peoples contributions they would NOT be in a job if we hadnt done so. So to say that it is okay to spend 40 million when the ENTIRE GROUP is been propped up by the state is farcical.

Take that for your rabble rabble rabble ....

jpm4 · 09-12-2010 01:22PM

Shanegggg wrote: »

Must have been a some extremely low targets to get a bonus for all 2,400 employees to the get the nod.

aib-record-losses-of-euro2bn

Where do they even get the money to pay them if their recording 2bn losses!

AIB Capital Markets is doing quite well.

Jumpy · 09-12-2010 01:25PM

jpm4 wrote: »

AIB Capital Markets is doing quite well.

SILENCE.

th3 s1aught3r · 09-12-2010 01:25PM

ghostdancer wrote: »

they're entitled to bonuses based on performance under their contract.

they clearly performed and met those targets that were set out.

no great surprise the general joe duffy-listening idiocy of AH can't understand this.

What possible performance targets could they have met. They have gone crawling to the tax payer how many times now for a bailout

wes · 09-12-2010 01:37PM

I taught everyone was suppose to share the pain, except for the morons who caused the mess in the first place apparently. Go figure, the rest of us will have to suffer, while these worthless bankers get a nice bonus. The government needs to tax there bonuses into oblivion imho. I think the bankers need to start sharing some of the pain.

johnmcdnl · 09-12-2010 01:48PM

can we introduce a law that taxes 110% on all bonuses disrupted to any member of staff who is working for a bailed out bank?? might stop a few bonuses maybe

listermint · 09-12-2010 01:50PM

jpm4 wrote: »

AIB Capital Markets is doing quite well.

Incidentally , If AIB Capital Markets division is doing so extraordinarily well, Is this divisions resourcefulness and obvious superb profit being used to fund the rest of its failing enterprise.

It goes 2 ways surely??

De Dannan · 09-12-2010 01:54PM

wes wrote: »

I taught everyone was suppose to share the pain, except for the morons who caused the mess in the first place apparently. Go figure, the rest of us will have to suffer, while these worthless bankers get a nice bonus. The government needs to tax there bonuses into oblivion imho. I think the bankers need to start sharing some of the pain.

The banks and the people who work in them have actually taken very little pain afaik. To my knowledge they havent had significant job losses or taken much pay cuts, to the same level as other industries, bit odd since they caused a lot of the mess we are in. Or can someone set me straight on that

senordingdong · 09-12-2010 01:55PM

listermint wrote: »

Incidentally , If AIB Capital Markets division is doing so extraordinarily well, Is this divisions resourcefulness and obvious superb profit being used to fund the rest of its failing enterprise.

It goes 2 ways surely??

I don't think they would use one to keep the other afloat.
They may work to sustain themselves.

p.s. I too am outraged by these bonuses.

ScumLord · 09-12-2010 01:59PM

Your all wrong it'll be the post office workers that get the bonuses.

It is believed that cheques will be posted to executives on 17 December.

AIB Not giving a toss as usual

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